TRAVELOPIA GROUP HOLDINGS LIMITED
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Cash
£113m
+45.9% vs 2024
Net assets
-£275m
-30.9% lowest in 3 filed years
Employees
3,134
-0.5% vs 2024
Profit before tax
-£104m
-89.2% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Consumer Discretionary median
TRAVELOPIA GROUP HOLDINGS LIMITED·Consumer Discretionary median
TRAVELOPIA GROUP HOLDINGS LIMITED·Consumer Discretionary median
TRAVELOPIA GROUP HOLDINGS LIMITED·Consumer Discretionary median
TRAVELOPIA GROUP HOLDINGS LIMITED·Consumer Discretionary median
TRAVELOPIA GROUP HOLDINGS LIMITED·Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £775,200,000 | £809,600,000 | £822,300,000 | +1.6% | |
| Operating profit | £2,600,000 | -£10,200,000 | -£60,700,000 | -495.1% | |
| Profit before tax | -£35,800,000 | -£54,700,000 | -£103,500,000 | -89.2% | |
| Net profit | — | -£54,500,000 | -£112,600,000 | -106.6% | |
| Cash | £199,700,000 | £77,500,000 | £113,100,000 | +45.9% | |
| Total assets less current liabilities | £279,200,000 | £285,200,000 | — | — | |
| Net assets | -£182,000,000 | -£210,000,000 | -£274,900,000 | -30.9% | |
| Equity | -£182,000,000 | -£210,000,000 | -£274,900,000 | -30.9% | |
| Average employees | 2,762 | 3,150 | 3,134 | -0.5% | |
| Wages | £145,600,000 | £158,200,000 | £152,800,000 | -3.4% | |
| Directors' remuneration | £8,900,000 | £500,000 | £500,000 | 0% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|
| Operating margin | 0.3% | -1.3% | -7.4% | |
| Net margin | — | -6.7% | -13.7% | |
| Return on capital employed | 0.9% | -3.6% | — | |
| Gearing (liabilities / total assets) | 121.8% | 127.8% | 140.8% | |
| Current ratio | 0.62x | 0.57x | 0.56x | |
| Interest cover | 0.06x | -0.20x | -1.33x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- TRAVELOPIA GROUP HOLDINGS LIMITED 2020-05-01 → present
- TIM INTERMEDIATECO LIMITED 2017-02-07 → 2020-05-01
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Given the results of the modelling performed, the Directors have concluded that it is appropriate to prepare these financial statements on a going concern basis of accounting.”
Group structure
- TRAVELOPIA GROUP HOLDINGS LIMITED · parent
- Adventure Transport Limited
- Alkor Yat Turizm Isletmeciligi AS
- Antigua Charter Services Limited
- CHS Tour Services Limited
- Connoisseur Belgium BV
- Crown Blue Line France SAS
- Crown Blue Line GmbH
- Crown Blue Line Limited
- Crown Holidays Limited
- Crown Travel Limited
- EEFC, Inc
- Emerald Star Limited
- Enchanting Africa Ltd
- Enchanting Travels AG
- Enchanting Travels Inc
- Enchanting Travels Pvt. Ltd
- Events International (Sports Travel) Limited
- Exodus Travels Australia PTY Ltd
- Exodus Travels Canada Inc
- Exodus Travels Limited
- Exodus Travels USA, Inc
- Experiential Student Travel Group Limited
- FCM (BVI) Limited
- FCM Yachts (USVI) LLC
- Francotel Limited
- Gei-Moorings LLC
- Hayes & Jarvis (Travel) Limited
- Headwater Holidays Limited
- Hellenic Sailing Holidays SA
- Hellenic Sailing SA
- Kalos Tours LLC
- Le Boat Limited
- Le Boat Netherlands BV
- Mariner Expeditions, Inc
- Mariner International (Grenada) Limited
- Mariner International (Martinique) SAS
- Mariner International (UK) Limited
- Mariner International (USA), Inc
- Mariner International Travel (UK) Limited
- Mariner International Travel, Inc
- Mariner Travel GmbH
- Mariner Travel Mexico Base, S.A. de C.V.
- Mariner Travel Mexico Shipping, S.A. de C.V.
- Mariner Travel SARL
- Mariner Yacht Services SA
- Mariner Yachts (Pty) Limited
- Maxi Yen SL
- Molay Travel SARL
- Molay Travel SCI
- Moorings Grenadines Limited
- Moorings Yachting SAS
- Moorings Yat Isletmeciligi Turizm Ve Ticaret Ltd Sti
- Platinum Event Travel Limited
- Porter and Haylett Limited
- Prestige Boating Holidays Limited
- Quark Expeditions Australia PTY Limited
- Quark Expeditions, Inc
- SAS The Moorings
- Ski Bound Limited
- Skibound France SARL
- Skibound GmbH
- Sunsail (Antigua) Limited
- Sunsail (Australia) Pty Ltd
- Sunsail (Seychelles) Limited
- Sunsail (Thailand) Co. Ltd
- Sunsail Adriatic d.o.o.
- Sunsail Hellas MEPE
- Sunsail SARL
- Sunsail Spain S.L.
- Sunsail Worldwide Sailing (St. Vincent) Limited
- Sunsail Worldwide Sailing Limited
- TCO USA Inc
- TCS & Starquest Expeditions, Inc
- The Moorings (Bahamas) Ltd
- The Moorings (Seychelles) Ltd
- The Moorings (St Lucia) Ltd
- The Moorings Belize Limited
- The Moorings d.o.o.
- The Moorings Limited
- The Moorings Sailing Holidays Limited
- TIM Bidco 1 Limited
- TIM Bidco II Corp
- TIM Holdco Limited
- TIM Midco Limited
- Travcoa Corporation
- Travel Class Limited
- Travelbound European Tours Limited
- Travel Services Europe Spain SL
- Travelopia Adventure Limited
- Travelopia Central Operations Limited
- Travelopia Contract Services Limited
- Travelopia Costa Rica S.R.L.
- Travelopia France SARL
- Travelopia Holdings (Australia) Pty Limited
- Travelopia Holdings Limited
- Travelopia SA (PTY) limted
- Travelopia USA Inc
- Trek America Travel Limited
- Trek Investco Limited
- TTSS Limited
- TTSS Transportation Limited
- Versun Yachts NSA
- Vinson Expeditions LLC
- World Challenge Expeditions, Inc
- World Challenge Expeditions Limited
- World Challenge Expeditions Pty Ltd
- World Challenge NZ Limited
- Yachts International Limited
- Yil, LLC
Significant events
- “In September 2024, the Group's Directors announced their intention to separately dispose of its Dutch tour operator, Sawadee (Adventure division) and its Events, the Education and the Tailormade divisions, each of these becoming discontinued operations.”
- “The Events division was disposed on 16 October 2024, Sawadee was disposed on 31 January 2025 and the Tailormade division was disposed on 16 July 2025. The Education division remains within the Group due to unforeseen circumstances, though it remains the intention of the Directors to dispose of this division as soon as practicable, currently expected to be in the financial year ending 30 September 2026 ('FY26').”
- “In February 2025, the Group successfully amended its Senior Facilities Agreement, such that its bank term loan was increased to £130.8m (2024: £100.7m) with the revolving credit facility reducing to £50.0m (2024: £80.0m), of which £2.0m (2024: £2.0m) is for letters of credit.”
- “Following the introduction of increased US tariffs on South African exports to the United States in April 2025, US demand for yachts sourced from the Group's South African supplier has reduced significantly, materially impacting the division's profitability.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NORTHEY, Janet | Secretary | 2023-09-26 | — | — |
| BAORDA, Paolo Pietro | Director | 2022-06-01 | Jun 1993 | German |
| BINEFA, Dominic Antonio | Director | 2025-01-13 | Mar 1983 | British |
| DE OCHOA, Juan Ignacio | Director | 2020-07-28 | Jan 1967 | Spanish |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| METZNER, Joerg | Director | 2017-02-07 | 2022-05-31 |
| PILLOT, Edouard Jean Charles | Director | 2017-02-07 | 2020-08-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kkr & Co. Inc. | Corporate entity | Voting 75–100% | 2021-02-14 | Active |
| Mr George Roberts | Individual | Voting 75–100% | 2017-02-07 | Ceased 2021-02-14 |
| Mr Henry Kravis | Individual | Voting 75–100% | 2017-02-07 | Ceased 2021-02-14 |
Filing timeline
Last 20 of 44 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-10 | AA | accounts | Accounts with accounts type group | |
| 2026-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-04 | AA | accounts | Accounts with accounts type group | |
| 2025-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-25 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-08-05 | AA | accounts | Accounts with accounts type group | |
| 2024-02-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-27 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-07-14 | AA | accounts | Accounts with accounts type group | |
| 2023-02-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-23 | SH01 | capital | Capital allotment shares | |
| 2022-11-23 | SH01 | capital | Capital allotment shares | |
| 2022-07-11 | AA | accounts | Accounts with accounts type group | |
| 2022-06-07 | CH01 | officers | Change person director company with change date | |
| 2022-06-07 | CH01 | officers | Change person director company with change date | |
| 2022-06-06 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-31 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-20 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.